Mj MM Rule #2 Move Like Hammy follows rule 1 and for good reason. Take a look at the chart of DUST Gallery view. I alerted it Tuesday night. On Wednesday if you Moved like hammy at the open you were able to get in for less than $11.2. Then rule 3 count the days in play, not the day you bought it but the day the stock went in play. In my case they were the same. If a trader bought DUST on Weds at the open like Hammy and sold it on the 3rd day in play Friday no later than 0930 am cst he $13-$13.1 would have made 25% approx. Hence rule 3 Third Day In Play Collect Your Pay.
These rules were designed for even the Dullest of Bagholders that can't read a chart and have a horribe track record of chasing or selling too late. They keep you in cash most of the time strategically scalping decent profits. They were designed to make 10-30% over and over on short term trades. They were designed for Pennystocks which anyone that has traded pennystock knows all to well how quickly they reverse and how small the window of opportunity to make money can be. Third Day In Play was designed to get you out of a POS pennystock before the dilution comes along and takes away all your gains. It was designed to get you out while the buyers were the majority which is very important for exiting a POS pennystock. Which makes this a bonus for large cap and etf's which maybe in a trend reversal instead. There is always liquidity so exit is never a problem.
Here is some videos for your training on How to move like Hammy.
How to know what day the trade is in? look at the chart and count the hollow white dojis. If there is two before and its a new day then the stock is in the 3rd Day, look at your clock if its coming up on 0930 cst the exit signs are lit.
I got into DUST in Aug at $14 using the rule Dust ran to $51 I got into Nugt late Oct at $10 using the rule and out on Weds flipping back to Dust. If you look at DUST chart you will notice that Aug its no longer touching the 60. The line continuously readjusts.
Here is a recent example I bought on Fri YANG $9.50's It tagged the 60 but did not punch it which is not as strong an indicator. This is a lightly traded Dixerion fund that tracks the Hang Sahg index or parts of it. Like all dixerion funds you never have a warm fuzzy that they are really tracking anything. Watch it next week see if it reverses and I get 3 days in play and min of 10%
Most of the people that read this will dismiss it which I don't care. I will continue to make money using this best reversal indicator in the entire stock market.
For those that bash it before you do so plan on posting a detailed no brainer plan that works better for even the dullest of bagholders. That alone is a huge Fing challenge and will take years of experience to develop.
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